The European Central Bank (ECB) has cut interest rates to a new record low amid ongoing fears about the eurozone's economic health.

Wealth manager Ashcourt Rowan today said revenues had fallen in the last year amid a restructure of the group as it looks to prepare for future expansion.

Legal & General said today its recent move to take over fund supermarket Cofunds will lift assets in its savings arm above £100bn to a new record high when the deal completes.

Fidelity FundsNetwork has warned the true cost of implementing the 2016 legacy rebate ban could be far higher than the regulator's predictions because of rules on contacting ‘dormant' clients.

Fidelity FundsNetwork has confirmed it is reviewing its charging structure for investors in its Navigator range who buy the funds via its own platform.

Henderson Global Investors has managed to reverse outflows from its retail book after seeing the first net inflows into the business since Q1 2011.

Hargreaves Lansdown is planning to launch a rebate-free charging model at the start of next year following the latest platform paper from the regulator.

Aberdeen Asset Management saw its shares jump 9% in trading this morning after the group reported a huge hike in its dividend.

Cofunds' Stephen Mohan is leaving the business after a seven-year spell, the platform said today.

Standard Life has said platform providers are unlikely to enter into any price war on the overall cost to the end client as a result of today's platform paper.